In order to be reimbursed at your budgeted allocation, must you meet both the actual incurred eligible cost and the man months budgeted?
For example – if the original budget was noted as 100,000 Euros and 50 man months, would a company be reimbursed at the full 100,000 Euro budget if they showed that they incurred 100,000 Euros of eligible cost with only 40 man months?
The concern is that the actual labor costs may be higher per man month than was originally budgeted and we want to ensure that we will not be required to spend 50 man months in order to receive the original budgeted allocation of 100,000 Euros.
This also assumes that the deliverables are met in a satisfactory manner within the 40 man month timeframe.
Thank you